Tata Power Renewable Energy Limited said it has partnered with Tata Capital to introduce a new financing model aimed at accelerating rooftop solar adoption among commercial and industrial (C&I) customers across India.
The companies launched the SunSmart Flexi EMI Scheme, which links loan repayments to projected solar energy generation, allowing businesses to effectively “pay as they save” through lower electricity costs.
The scheme offers collateral-free financing with flexible repayment structures, including monthly equated instalments (EMIs) or lease rentals aligned with expected solar power output. The financing solution is designed to help companies manage cash flows while transitioning to clean energy.
The initiative will be offered through Tata Power Solaroof, the rooftop solar solutions arm of Tata Power Renewables, which targets businesses across sectors such as automobile, textiles, IT, steel, HVAC, cold storage, FMCG and quick commerce.
Tata Power Solaroof said it has completed around 6,700 rooftop solar installations for commercial and industrial customers during the current financial year, representing a cumulative capacity of more than 580 MWp.
Across residential and commercial segments combined, the company has deployed over 370,000 rooftop solar installations, with a total installed capacity exceeding 4.5 GWp, according to the company.
The financing program is intended to make rooftop solar systems more accessible to businesses by reducing upfront investment requirements while supporting India’s broader transition toward cleaner energy sources.
Tata Power Renewables is a subsidiary of Tata Power, one of India’s largest power companies. The group currently has a diversified generation portfolio of about 16.3 GW, of which 7.5 GW comes from clean energy sources.
India has been expanding renewable energy deployment as part of its strategy to increase non-fossil fuel power capacity and support long-term decarbonization targets.
